According to Crypto Rover, Bybit has started repaying borrowed $ETH to institutions immediately following the liquidation of $570.89 million in long positions. This repayment timing could indicate a strategic move to manage exposure and maintain liquidity in the wake of significant market volatility.

According to EmberCN, Bybit has repaid 47,800 ETH ($113.97M) to an entity supported by a Binance withdrawal. Previously, on the 22nd, four entities provided Bybit with 120,000 ETH in loan support. Currently, Bybit has repaid 40,000 ETH to Bitget and the 47,800 ETH to the Binance-associated entity, with a remaining 12,652 stETH owed to MEXC.